"This transaction marks the continuation of Maybank Group's support for its International Currency Business Unit (ICBU) platform, which is an initiative under the Malaysian International Financial Centre (MIFC) by the Malaysian government," said Abdul Farid Alias, Maybank Deputy President & Head of Global Wholesale Banking.

"Given our significant regional reach, we are seeing greater opportunities in cross-border financing, including in Islamic banking. In addition, our strong capital base enables us to fund large infrastructure projects and we are seeing this as a new growth market for our Global Wholesale banking business," he added.